MQ Market Updates

MQ Market Updates - 17 August 2023

MQ Trader
Publish date: Thu, 17 Aug 2023, 05:16 PM

Seacera Group Bhd has managed to obtain Bursa Malaysia Securities Bhd's (Bursa Securities) agreement to lift its Practice Note 17 status without submitting a regularisation plan. Seacera will no longer be classifed as a PN17 company from 9.00 a.m. August 17, 2023. (NST)

Hextar Technologies Bhd (HexTech) has agreed to terminate the deal to sell two parcels of land measuring a total of 235,213 sq ft, located in Pasir Gudang and Klang, to SWS Capital Bhd for RM23.66 million. (TheEdge)

Handal Energy Bhd’s managing director Sunildeep Singh Dhaliwal has ceased to be a substantial shareholder of the group after disposing of 16.6 million shares or a 6.23% stake in the group. (TheEdge)

Practice Note 17 company Serba Dinamik Holdings Bhd will appeal a decision by Bursa Malaysia Securities Bhd to delist the company on August 28, 2023 for not submitting a plan to regularise its financial condition within the alotted timeframe. (NST)

VSTECS Bhd plans to capitalise on the data centre (DC) opportunities in the country to support its earnings growth. (TheStar)

Pestech International Bhd's share price fell as much as 18 per cent in early trade after Malaysia Airports Holdings Bhd announced that it has terminated its award of the RM742.45 million project, to design and build Kuala Lumpur International Airport aerotrain replacement programme, to the company. (NST)

Datasonic Group Bhd has been recognised as "Cyber Security Company of the Year" at the Malaysia Cyber Security Awards 2023. (NST)

Nextgreen Global Bhd’s (NGGB) associate company, Nextgreen Crowning Package Pulp Molding Sdn Bhd (NGCP), has completed the construction of its factory for the manufacturing of pulp moulding from empty fruit bunch. (TheStar)

Malaysia Marine & Heavy Engineering Bhd's (MMHE) results for the second quarter (Q2) of its financial year 2023 come in below expectations, said MIDF Research. (NST)

Malayan Banking Bhd (Maybank) has cumulatively mobilised close to RM40bil in sustainable finance and improved nearly 970,000 households across Asean since 2020. (TheStar)

Dolphin International Bhd said its chief executive officer (CEO) Serena Goh Fhen Fhen has resigned from the position with effect from Wednesday (Aug 16) “due to her personal commitment”. (TheEdge)

The share price of S P Setia Bhd rose to 88.5 sen, its highest in almost 15 months, in Thursday (Aug 17) morning trade on Bursa Malaysia, despite the real estate developer announcing a day earlier that its net profit fell by 46% for the second quarter ended June 30, 2023 (2QFY2023). (TheEdge)

Tropicana Corp Bhd is planning to launch SouthPlace 2 Shoppes & Residences at its 88-acre Tropicana Metropark development in Subang Jaya in the fourth quarter of 2023 (4Q2023), following the strong 90% take-up of its earlier SouthPlace Shoppes & Residences project, the developer announced in a statement. (TheEdge)


Source: New Straits Times, The Edge Markets, The Star 17 August 2023

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